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Feb 3, 2014

Emerging markets outlook not rosy, but valuations tempt

NEW YORK, Feb 3 (Reuters) – Emerging markets were facing
headwinds going into 2014, but January’s rout surprised even the
gloomiest of investors, with big declines in stocks, bonds, and

Political turmoil and terrorism threats across market
capitals from Ankara to Kiev, along with growing concern about
bad debt in China’s shadow banking system, caused a full-scale
pullback across all risk assets.

Jan 31, 2014
Jan 31, 2014
via Global Investing

“Dog-Eared” debt and the IMF’s sovereign restructuring ideas


Since April of last year, a small but growing cadre of lawyers, investors, regulators, and yes, even journalists, have been carrying around dog-eared copies of an International Monetary Fund paper (read: trial balloon) that revisits how the fund, the lender of last resort for many nations, might revamp its approach to sovereign debt restructurings.


The IMF prefaces its latest foray into sovereign restructurings by saying history shows official sector sovereign debt restructurings have been “too little too late” and when it gets involved, the public money used in a settlement too often just flows to private sector investors who take the cash out of the afflicted country.

Jan 28, 2014
Jan 28, 2014
Jan 28, 2014
Jan 26, 2014
Jan 26, 2014
Jan 26, 2014
Jan 26, 2014
    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
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